PayTech

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IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Branded payments company Recharge.com secures $35m Series B

Recharge.com, which has designed a selection of consumer-branded payments, has raised $35m in its Series B funding round.

Zwipe partners with Allcard to launch biometric cards in Philippines

Payment card manufacturer Zwipe has partnered with Allcard to launch a dual-interface biometric payment cards across the Philippines.

Divido takes $3.3m for instalment payments

Divido, a point-of-sale financer, has raised £2.5m ($3.3m) in round of seed funding. The capital comes from Mangrove Capital Partners and DN Capital.

Worldpay hits $43bn valuation in buyout by FinTech major FIS

Global payments business WorldPay has hit a $43bn valuation including debt by being bought out by New York-listed fintech major FIS.
fintech insurtech wealthtech regtech ai cybertech esg news

Fattmerchant closes $5.5m funding round led by Fulcrum Equity

Payment solution provider Fattmerchant has closed a $5.5m round of funding, from Fulcrum Equity Partners.

Finix announces $17.5m Series A round led by Bain Capital Ventures

With its new capital injection, payment services startup Finix is set to challenge the likes of Stripe and Square.

Lunar Way selects Nets to support its payments

Danish challenger bank Lunar Way has selected Nets to deliver all its payment services.

Viva Republica hits $2.2bn valuation after closing a $64m Series F round

The South Korean developer of mobile finance platform toss has closed a $64m Series F round. This brings Viva Republica’s valuation past the $2.2bn valuation mark.
Trinity Capital backs Kafene with $15m, fuelling expansion in point-of-sale solutions

Trinity Capital backs Kafene with $15m, fuelling expansion in point-of-sale solutions

Trinity Capital, a notable player in the provision of diversified financial solutions, has invested $15m in growth capital to Kafene.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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